Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Young Ray G
   2. Issuer Name and Ticker or Trading Symbol
GENERAL MOTORS CORP [GM] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Executive Vice President & CFO
(Last)
(First)
(Middle)
300 RENAISSANCE CENTER		 3. Date of Earliest Transaction (Month/Day/Year)
03/05/2008
(Street)

DETROIT, MI 48265-3000		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
General Motors Common Stock, $1-2/3 Par Value               11,579 D  
General Motors Common Stock, $1-2/3 Par Value               998 I Trust (3)

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
GM Stock $1-2/3 Par Value Option (Right to Buy) (1) $ 23.13 03/05/2008   A   87,500   03/05/2009(1) 03/06/2018 General Motors Common Stock, $1-2/3 Par Value 87,500 $ 0 87,500 D  
GM Stock $1-2/3 Par Value Restricted Stock Units (2) $ 0 03/05/2008   A   30,354   03/05/2009(2)   (2) General Motors Common Stock, $1-2/3 Par Value 30,354 $ 0 30,354 D  
GM Phantom Stock Units $1-2/3 Par Value Common Stock (4) $ 0               (4)   (4) General Motors Common Stock, $1-2/3 Par Value 1,721   1,721 D  
GM Stock $1-2/3 Par Value Option (Right to Buy) (1) $ 71.53             01/11/2000(1) 01/12/2009 General Motors Common Stock, $1-2/3 Par Value 5,649   5,649 D  
GM Stock $1-2/3 Par Value Option (Right to Buy) (1) $ 75.5             01/10/2001(1) 01/22/2010 General Motors Common Stock, $1-2/3 Par Value 6,000   6,000 D  
GM Stock $1-2/3 Par Value Option (Right to Buy) (1) $ 52.35             01/08/2002(1) 01/09/2011 General Motors Common Stock, $1-2/3 Par Value 7,500   7,500 D  
GM Stock $1-2/3 Par Value Option (Right to Buy) (1) $ 50.46             01/07/2003(1) 01/08/2012 General Motors Common Stock, $1-2/3 Par Value 14,000   14,000 D  
GM Stock $1-2/3 Par Value Option (Right to Buy) (1) $ 50.82             02/04/2003(1) 02/05/2012 General Motors Common Stock, $1-2/3 Par Value 7,000   7,000 D  
GM Stock $1-2/3 Par Value Option (Right to Buy) (1) $ 40.05             01/21/2004(1) 01/22/2013 General Motors Common Stock, $1-2/3 Par Value 16,000   16,000 D  
GM Stock $1-2/3 Par Value Option (Right to Buy) (1) $ 53.92             01/23/2005(1) 01/24/2014 General Motors Common Stock, $1-2/3 Par Value 12,800   12,800 D  
GM Stock $1-2/3 Par Value Option (Right to Buy) (1) $ 36.37             01/24/2006(1) 01/25/2015 General Motors Common Stock, $1-2/3 Par Value 12,800   12,800 D  
GM Stock $1-2/3 Par Value Option (Right to Buy) (1) $ 20.9             02/23/2007(1) 02/24/2016 General Motors Common Stock, $1-2/3 Par Value 10,000   10,000 D  
GM Stock $1-2/3 Par Value Option (Right to Buy) (1) $ 29.11             03/20/2008(1) 03/21/2017 General Motors Common Stock, $1-2/3 Par Value 15,000   15,000 D  
GM Stock $1-2/3 Par Value Restricted Stock Units (2) $ 0             02/23/2007(2)   (2) General Motors Common Stock, $1-2/3 Par Value 3,166   3,166 D  
GM Stock $1-2/3 Par Value Restricted Stock Units (2) $ 0             03/20/2008(2)   (2) General Motors Common Stock, $1-2/3 Par Value 10,954   10,954 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Young Ray G
300 RENAISSANCE CENTER
DETROIT, MI 48265-3000		       Executive Vice President & CFO  

Signatures

 /s/ Martin I. Darvick, attorney-in-fact for Mr. Young   03/06/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Employee stock option granted pursuant to Rule 16b-3 qualified General Motors Stock Incentive Plan. Stock options vest and become exercisable in three equal annual installments, commencing, respectively, one, two and three years from the date of initial grant. Date shown in column 6 is the date the first installment becomes/became exercisable.
(2) Restricted Stock Units ("RSU") granted pursuant to Rule 16b-3 qualified General Motors Cash Based Restricted Stock Unit Plan. Each Restricted Stock Unit is the economic equivalent of one share of General Motors common stock. The RSUs are denominated in stock units but are paid in cash in three annual installments commencing, respectively, one, two and three years from the date of initial grant. Date shown in Table II is the date the first installment is/was payable. The price of zero in Table II is notional and only used for purposes of facilitating the electronic filing of this Form.
(3) Shares held in trust under General Motors Savings Stock Purchase Program as of 12/31/07. State Street Bank & Trust Co., Trustee. Shares owned pursuant to Rule 16b-3 exempt employee savings plan.
(4) The Phantom Stock Units are held under Section 16b-3(c) exempt Rule 16b-3(b)(2) eligible excess benefit plan operated in conjunction with a qualified 401(k) plan. Each Unit is the economic equivalent of one share of General Motors common stock. The Units are payable in cash upon separation from General Motors. These Units are being reported even though they are exempt under Rule 16b-3. Units held as of 12/31/07. The price of zero is notional and only used for purposes of facilitating the electronic filing of this Form.

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